Canada’s beleaguered energy sector suffered another morale blow as Encana Corp. — one of its marquee companies that was born out of the 19th-century railway boom — announced plans to move its headquarters to the U.S. and drop the link to Canada from its name.
October 31, 2019Canada Transportation News Updates
From industry trends to major updates, Transport Topics' Canadian transportation coverage updates keeps you informed on Canadian logistics. Whether you're tracking emerging opportunities or monitoring changes in the Canadian logistics sector, our updates ensure you remain ahead in the industry.
‘Canada’ Is Becoming a Dirty Word in the Oil Patch
Canadian Trucking Alliance Will Continue Push for Drug and Alcohol Testing Program
The Canadian Trucking Alliance will continue to urge government officials, including those recently elected, to establish a drug and alcohol testing program.
October 28, 2019Trudeau Team Seeks to Calm Oil Patch Fears of Pipeline Debacle
One of Justin Trudeau’s top lieutenants says the Canadian prime minister will proceed with an expansion of the Trans Mountain oil pipeline even as he’s now likely to share power with the more environmentally minded New Democratic Party.
October 22, 2019Auto Plant Shutdowns Fuel Canada Factory Sales Drop
Sales at Canadian manufacturers declined for a second straight month, partly on shutdowns at auto and steel plants. Factory sales fell 1.3% in July, Statistics Canada reported Sept. 17 from Ottawa. That far exceeded the median forecast in a Bloomberg survey of economists, which called for a 0.1% decline. In volume terms, sales dropped 1.6%.
September 17, 2019Shopify Gets Boost After $450 Million Acquisition
Shopify Inc.’s initiative to spend $1 billion to set up a network of fulfillment centers in the U.S. has gained momentum after it announced the acquisition of 6 River Systems Inc., analysts said.
September 10, 2019Energy Stocks in Canada ‘Decoupling’ From Oil Seen as Worst Ever
The days when energy stocks and the price of oil moved in lockstep are now few and far between. In Canada, it’s the worst divergence on record.
August 14, 2019Canadian Trucking Alliance Urges Provinces to Adopt ELDs
The Canadian Trucking Alliance has initiated conversations with transportation ministers in an effort to encourage adoption of electronic logging devices at the provincial level.
August 7, 2019Pipelines Add Room on ‘Unrelenting’ Demand for Canada’s Oil
U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them. Companies are adding space to their congested oil export pipelines from Canada even as plans for bigger expansions and new lines face delays.
August 2, 2019Shopify Rally Continues After Sales, Outlook Beat Estimates
Shopify Inc. shares continued their rally Aug. 1 after the Canadian e-commerce company reported second-quarter sales that beat analysts’ average estimate and gave a more optimistic full-year outlook.
August 1, 2019Canadian Oil Firms Offer to Ship by Rail if Output Limits Ease
Canada’s oil-sands producers are offering to commit to shipping a certain amount of their crude by rail in return for the Alberta government raising its production limits.
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